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    McGeeScott Realty

    2 Flagg Place, Lafayette, LA 70508
    (337) 735-4040
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    Size: 10+ agents

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    Property Types

    • Commercial Sale
    • Commercial Lease
    • Land

    Listings

    For Sale (16)

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    Versatile Commercial Space on Bayou Teche
    $975,000
    7.00 Acres

    Versatile Commercial Space on Bayou Teche

    Landmark commercial site with industrial heritage and waterfront access.

    6402 Daspit Rd, New Iberia, LA 70563
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    Residential Land in New Iberia
    Contact for pricing
    0.20 Acres

    Residential Land in New Iberia

    Land available in New Iberia with city utilities.

    Southport Blvd, New Iberia, LA 70560
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    Residential Lot in Desirable Subdivision
    $44,000
    0.41 Acres

    Residential Lot in Desirable Subdivision

    Spacious lot ready for custom home in New Iberia.

    Darby Ln, New Iberia, LA 70560
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    Residential Land in St. Martinville
    Contact for pricing
    0.33 Acres

    Residential Land in St. Martinville

    0.33-acre lot perfect for building a dream home.

    lot 34 & 35 Orphe Rd, Saint Martinville, LA 70582
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    Established Mobile Home Park Investment
    $250,000
    7,824 SF

    Established Mobile Home Park Investment

    16-lot mobile home park with income and expansion potential.

    4701 Eraste Hebert Rd, New Iberia, LA 70560
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    Residential Land in New Iberia
    $30,000
    2.26 Acres

    Residential Land in New Iberia

    2.26 acres of residential land for sale.

    Candleglow Dr, New Iberia, LA 70563
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    Remodeled Commercial Property in New Iberia
    $415,000
    4,018 SF

    Remodeled Commercial Property in New Iberia

    Income-generating, remodeled commercial property in a historical downtown building.

    145 W Main St, New Iberia, LA 70560
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    Residential Lot in New Iberia
    Contact for pricing
    0.19 Acres

    Residential Lot in New Iberia

    0.19 acre residential lot, ready for new construction.

    Kristi St, New Iberia, LA 70563
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    Versatile Commercial Building in New Iberia
    $199,000
    3,000 SF

    Versatile Commercial Building in New Iberia

    3,000 SqFt commercial building suitable for office or retail.

    822 Weldon St, New Iberia, LA 70560
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    Residential Land in Oak Place
    $60,000
    0.56 Acres

    Residential Land in Oak Place

    Residential land for sale in a sought-after New Iberia neighborhood.

    5 Oak Pl, New Iberia, LA 70563
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    Waterfront Lots Ready to Build
    $65,000
    0.55 Acres

    Waterfront Lots Ready to Build

    Waterfront lots with bulkheading, boat slips, and utilities.

    4903 Dolphin St, New Iberia, LA 70560
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    Abbeville Land for Residential Development
    $45,000
    0.81 Acres

    Abbeville Land for Residential Development

    0.815-acre lot near downtown Abbeville, ready for development.

    S John Hardy Dr, Abbeville, LA 70510
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    Unrestricted Land in St. Martinville
    $160,000
    5.09 Acres

    Unrestricted Land in St. Martinville

    5.089 acre tract, ready to build on.

    204 Black Rd, Saint Martinville, LA 70582
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    Residential Lot in Gated Community
    $60,000
    0.20 Acres

    Residential Lot in Gated Community

    Residential lot for sale in a private, gated community.

    Steamboat Bnd Blvd, New Iberia, LA 70563
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    Bayou Teche 1-Acre Lot
    $99,000
    1.00 Acre

    Bayou Teche 1-Acre Lot

    One-acre lot in gated community on Bayou Teche.

    Shadows Bnd Blvd, New Iberia, LA 70563
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    Commercial Lot Near Jefferson Terrace
    Contact for pricing

    Commercial Lot Near Jefferson Terrace

    1.1 acre commercial lot with residential potential.

    6 Adrian St, New Iberia, LA 70560
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    For Lease (6)

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    Versatile Second-Floor Office Suite
    Contact for pricing
    1,000 SF

    Versatile Second-Floor Office Suite

    High-traffic location with customizable space and ample parking.

    801 S Lewis St, New Iberia, LA 70560
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    Historical Downtown Building For Lease
    Contact for pricing
    2,660 SF

    Historical Downtown Building For Lease

    Updated commercial space in historical downtown New Iberia.

    145 W Main B St, New Iberia, LA 70560
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    New Iberia Commercial Suite
    Contact for pricing
    1,000 SF

    New Iberia Commercial Suite

    High-traffic commercial suite with customization options and ample parking.

    801 S Lewis St, New Iberia, LA 70560
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    Versatile Office Suite in Iberia
    Contact for pricing
    1,000 SF

    Versatile Office Suite in Iberia

    High-traffic location, customizable space, ample parking, expansion potential.

    801 S Lewis St, New Iberia, LA 70560
    View details
    Historic Commercial Property in New Iberia
    Contact for pricing
    1,271 SF

    Historic Commercial Property in New Iberia

    Charming historic commercial property in downtown New Iberia.

    109 French St, New Iberia, LA 70560
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    Corner Suite Ideal for Business
    Contact for pricing

    Corner Suite Ideal for Business

    First-floor corner suite suitable for office or retail use.

    801 S Lewis St, New Iberia, LA 70560
    View details

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    McGeeScott Realty
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    McGeeScott Realty
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